The STOXX 50 fell 0.9%, while the STOXX 600 declined 0.6% on Wednesday, extending losses to a fourth consecutive session as tensions with the US over new tariffs and President Trump’s stated aim to acquire Greenland continued to weigh on investor sentiment. Investors are also closely watching President Trump’s scheduled appearance at the World Economic Forum in Davos for any signals regarding future policy intentions. Large-cap stocks led the decline, with losses recorded by ASML Holding (-0.9%), SAP (-2.0%), Novo Nordisk (-2.3%), HSBC (-1.2%) and AstraZeneca (-1.1%). On the upside, LVMH jumped 1.7% after seven consecutive sessions of losses, while ThyssenKrupp (+5.5%) and Burberry (+5.4%) were among the top performers. Rio Tinto also gained nearly 5% after beating expectations for quarterly iron ore and copper production.